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Knight Transportation Inc (KNX)



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Upturn Advisory Summary
06/30/2025: KNX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Year Target Price $51.76
Year Target Price $51.76
9 | Strong Buy |
2 | Buy |
10 | Hold |
0 | Under performing |
0 | Sell |
Analysis of Past Performance
Type Stock | Historic Profit -29.84% | Avg. Invested days 24 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.30B USD | Price to earnings Ratio 47.89 | 1Y Target Price 51.76 |
Price to earnings Ratio 47.89 | 1Y Target Price 51.76 | ||
Volume (30-day avg) 21 | Beta 1.19 | 52 Weeks Range 36.54 - 61.04 | Updated Date 06/30/2025 |
52 Weeks Range 36.54 - 61.04 | Updated Date 06/30/2025 | ||
Dividends yield (FY) 1.60% | Basic EPS (TTM) 0.94 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 2.04% | Operating Margin (TTM) 2.82% |
Management Effectiveness
Return on Assets (TTM) 1.29% | Return on Equity (TTM) 2.1% |
Valuation
Trailing PE 47.89 | Forward PE 31.06 | Enterprise Value 10299581000 | Price to Sales(TTM) 0.98 |
Enterprise Value 10299581000 | Price to Sales(TTM) 0.98 | ||
Enterprise Value to Revenue 1.39 | Enterprise Value to EBITDA 8.91 | Shares Outstanding 162050000 | Shares Floating 157045896 |
Shares Outstanding 162050000 | Shares Floating 157045896 | ||
Percent Insiders 3.11 | Percent Institutions 95.95 |
Analyst Ratings
Rating 5 | Target Price 51.76 | Buy 2 | Strong Buy 9 |
Buy 2 | Strong Buy 9 | ||
Hold 10 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Knight Transportation Inc

Company Overview
History and Background
Knight Transportation was founded in 1990 by Randy and Gary Knight. Initially focused on regional truckload services, the company expanded through organic growth and strategic acquisitions, becoming one of the largest truckload carriers in North America. In 2017, Knight merged with Swift Transportation to form Knight-Swift Transportation Holdings Inc. (KNX), creating a giant in the trucking industry. The analysis here focuses on the original Knight legacy within KNX.
Core Business Areas
- Truckload: Provides dry van truckload services, serving a diverse customer base across various industries. Includes long-haul and regional operations.
- Logistics: Offers brokerage services, connecting shippers with carriers to manage transportation needs. Provides capacity solutions beyond the company's owned assets.
Leadership and Structure
Knight-Swift Transportation Holdings Inc. is led by a board of directors and a management team. The specific leadership related solely to the original 'Knight' operating segment is incorporated within the broader KNX structure. The organizational structure is decentralized, with individual brands and operating units maintaining a degree of autonomy.
Top Products and Market Share
Key Offerings
- Dry Van Truckload: Core service providing transportation of goods in enclosed trailers. Market share data is difficult to isolate specifically for the 'Knight' portion of KNX, but KNX overall holds a significant share in the US truckload market. Competitors include JB Hunt (JBHT), Schneider National (SNDR), and Werner Enterprises (WERN).
- Brokerage Services: Connects shippers with carriers to facilitate transportation. Market share data is challenging to pinpoint precisely. Competitors include C.H. Robinson (CHRW), Echo Global Logistics (ECHO), and Coyote Logistics (UPS).
Market Dynamics
Industry Overview
The trucking industry is highly fragmented and cyclical, influenced by economic conditions, fuel prices, and regulatory changes. Demand is driven by overall economic activity and consumer spending.
Positioning
Knight-Swift is a leading provider in the truckload and logistics sectors. Its size and scale provide cost advantages and a broad service network. Strong brand recognition within the industry.
Total Addressable Market (TAM)
The US for-hire trucking market is estimated to be hundreds of billions of dollars annually. KNX is positioned to capture a significant portion of this TAM due to its scale and service offerings.
Upturn SWOT Analysis
Strengths
- Large fleet size
- Extensive network
- Strong brand recognition
- Diversified service offerings
- Experienced management team
Weaknesses
- Exposure to cyclical economic conditions
- High capital expenditures
- Driver shortage challenges
- Dependence on fuel prices
- Integration risks from acquisitions
Opportunities
- Increased demand for e-commerce deliveries
- Expansion into new markets
- Adoption of technology to improve efficiency
- Consolidation within the industry
- Growth in intermodal transportation
Threats
- Rising fuel costs
- Driver shortage
- Increased regulation
- Economic downturn
- Competition from other transportation modes
Competitors and Market Share
Key Competitors
- JBHT
- SNDR
- WERN
- CHRW
Competitive Landscape
Knight-Swift benefits from its scale and diversified service offerings, allowing it to compete effectively across various market segments. Faces strong competition from other large carriers and brokerage firms.
Major Acquisitions
Swift Transportation
- Year: 2017
- Acquisition Price (USD millions): 6000
- Strategic Rationale: Merged with Swift to form Knight-Swift Transportation Holdings, creating the largest truckload carrier in North America and achieving significant synergies.
Growth Trajectory and Initiatives
Historical Growth: Knight's growth was driven by organic expansion and acquisitions, now reflected in KNX's overall performance.
Future Projections: Refer to analyst estimates for KNX.
Recent Initiatives: Refer to KNX's investor relations materials for recent initiatives.
Summary
Knight Transportation, now part of Knight-Swift, is a significant player in the trucking and logistics industry. The merger provided substantial scale and cost synergies, strengthening its market position. However, it faces challenges related to fuel costs, driver shortages, and economic cycles. Going forward, Knight needs to leverage its size and technology to navigate these challenges.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports
- Analyst Estimates
- Company Website
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market share data is estimated and may vary depending on the source. Performance is reflective of consolidated Knight-Swift operations.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Knight Transportation Inc
Exchange NYSE | Headquaters Phoenix, AZ, United States | ||
IPO Launch date 1994-10-25 | CEO & Director Mr. Adam W. Miller CPA | ||
Sector Industrials | Industry Trucking | Full time employees 35300 | Website https://knight-swift.com |
Full time employees 35300 | Website https://knight-swift.com |
Knight-Swift Transportation Holdings Inc., together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations. This segment operates an average of 22,791 tractors, which includes 20,644 company tractors and 2,147 independent contractor tractors, as well as 92,831 trailers. The LTL segment offers regional LTL transportation services through a network of approximately 170 service centers; and national coverage through partner carrier outside the network. This segment operates an average of 3,569 tractors and 9,564 trailers. The Logistic segment provides brokerage and other freight management services through third-party transportation providers and equipment. The Intermodal segment offers transportation services, including freight through third-party intermodal rail services on trailing equipment, such as containers and trailers on flat cars; and drayage services. This segment operates an average of 615 tractors and 12,572 intermodal containers. The company also provides repair and maintenance shop, equipment leasing, warranty, and insurance services; and warehousing and driving academy services, as well as manufactures trailer parts. It serves retail, food and beverage, consumer and paper products, transportation and logistics, housing and building, automotive, and manufacturing industries. The company was incorporated in 1989 and is headquartered in Phoenix, Arizona.
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